DICK’S Sporting Goods Outlines Growth Plans

by Katie Lee

Pittsburgh — DICK’S Sporting Goods, Inc. anticipates growing its store base to approximately 735 to 750 stores by the end of fiscal 2017. At the end of fiscal 2014, the company had 603 stores.

The sporting goods retailer plans to increase market share in the U.S. through growing its DICK’S Sporting Goods store base in new and underpenetrated markets. Stores continue to be a very profitable growth vehicle that deliver strong new store productivity, accelerate e-commerce growth, build brand equity and customer loyalty, and reinforce the strength of the company’s vendor partnerships.

The company also continues to grow its Field & Stream concept. These stores bring a differentiated experience to the market, focusing on authentic national brands, shop-in-shops and specialty store-level services.

Field & Stream plans to open approximately nine stores in 2015 and approximately five to eight additional stores in both 2016 and 2017. This will bring the Field & Stream store count to approximately 30 to 35 stores by the end of 2017.

To drive the growth of the business the company expects to invest approximately $850 million in net capital expenditures over the next 3 years, primarily in new stores, store remodels and e-commerce.

Founded in 1948, DICK’S Sporting Goods, Inc. is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. As of January 31, 2015, the company operated more than 600 DICK’S Sporting Goods locations across the United States. Headquartered in Pittsburgh, DICK’S also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.

SOURCE: DICK’s Sporting Goods

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